Tesla Inc. announced late Thursday it would build the largest lithium-ion battery storage project in the world in Australia. In a statement, the company said it won a competitive bid this week to provide a 100-megawatt Powerpack system that will be paired with a wind farm near Jamestown, South Australia, "to help maintain the reliable operation of South Australia's electrical infrastructure." Tesla TSLA, -5.58% said the project should be completed by the end of 2017 and will power 30,000 homes. South Australia was hit by statewide blackouts last year after a storm damaged its power grid, and in March Tesla co-founder and CEO Elon Musk announced a plan to use renewable energy and storage to help solve Australia's energy problems.
HXG Price at posting:
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